El Salvador will scale back its agenda in exchange for a $1.4 billion IMF loan, marking a shift in its quest to become a cryptocurrency hub.

President Nayib Bukele insists El Salvador will continue purchasing Bitcoin despite the IMF's pressure. A signed deal between the government and the IMF appears to contradict Bukele’s public claims.

The International Monetary Fund, a longtime skeptic of El Salvador’s Bitcoin experiment, has renewed its call for the country to scale back its reliance on the cryptocurrency.

The IMF yesterday announced they have reached a $1.4 billion loan deal with El Salvador. In return, the Central American country that in 2021 made bitcoin legal tender had to remove some of its ...

El Salvador has reached an agreement with IMF staff to secure a $3.5 billion funding package, but not without consequences that could hit Nayib Bukele's grandiose vision of a "Bitcoin country." ...

El Salvador has bought 12 bitcoins since the IMF announced last week the board approval of the agreement reached in December. It currently holds near $550 million in bitcoin, according to the ...

El Salvador is still purchasing Bitcoin even after inking a loan agreement with International Monetary Fund that required it to stop accumulating the token. “There’s a commitment of President ...

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021. By Andrés Engler | Edited by Aoyon Ashraf Updated Oct 3, 2024, 11:51 p.m. Published Oct 3 ...

The International Monetary Fund (IMF) is looking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country.

In the past, the IMF has been critical of El Salvador's bitcoin program, particularly its lack of transparency and potential to imperil the country's financial stability and economy, which it ...

After El Salvador accepted Bitcoin as a legal tender in 2021, it’s now believed it could pull back as it continues discussions with the IMF.

This month, the International Monetary Fund said that it was asking the government of El Salvador – the first country in the world to declare bitcoin legal tender – to “limit” governmental ...